Ether Leverage Loses Its Shine as ProShares Ultra Ether ETF Sees Fresh Outflows
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The ProShares Ultra Ether ETF, ETHT, recorded net outflows of $890,240 on January 06, 2026, as traders pulled capital from the leveraged ether vehicle. The withdrawal amounts to roughly 0.24% of the fund’s latest assets under management, which stand at $364.8 million, a modest but notable move that underscores waning risk appetite in a persistently volatile crypto market.
The related asset, ETH-USD, is currently trading around $3,092.30, having shed about 18.2% over the past three months. Technically, the near-term picture remains fragile, with a prevailing 1-day signal of Sell, suggesting momentum traders are still leaning defensive rather than positioning for an immediate rebound.
The combination of declining spot ether prices and bearish short-term technicals has likely pressured leveraged products such as ETHT, which amplify daily moves and can magnify drawdowns during downturns. While the latest flow represents a small fraction of total AUM, it adds to evidence that some speculative capital is stepping to the sidelines until clearer signs of stabilization emerge in ether’s price action.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.